Creditors have better memories than debtors.
- #50,924
- Jun 12, 2013 12:38am Jun 12, 2013 12:38am
- | Joined Oct 2007 | Status: FxProLive.com | 616 Posts
As market-makers, banks execute orders to buy and sell for clients as well as trade on their own accounts. Companies and asset managers typically ask banks to buy or sell currencies at a specified WM/Reuters fix later in the day, most commonly the 4 p.m. London close. That arrangement is open to abuse, as it gives traders a window in which they can adjust their own positions and try to move the benchmark to boost their profit, three of the dealers said. Customers often wait until the hour before the 4 p.m. close to place large orders to minimize...
MM's are real and the markets are manipulated dont be fooled. The best weapon to date is PVSRA!!!!!!!!!!!!!!!
So please no one tell TAH there are no MM's
Good find Swag!
- #50,925
- Jun 12, 2013 12:40am Jun 12, 2013 12:40am
{quote} Wait that is a conspiracy!!! "That cant happen as the markets are too big to manipulate" I have seen many post this....BS MM's are real and the markets are manipulated dont be fooled. The best weapon to date is PVRSA!!!!!!!!!!!!!!! So please no one tell TAH there are no MM's Good find Swag!
Creditors have better memories than debtors.
- #50,926
- Edited 1:17am Jun 12, 2013 12:55am | Edited 1:17am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} I'm quoting what Bloomberg put in there article click on the Bloomberg link i posted... Its there! It might be huge news today
Libor rate scandal? A slap on the wrist with a fine of a couple billion, peanuts to the financial giants and likely an infintesimal amount compared to the ill-gotten gains before they were found out.
See, the banks and the investment houses, the biggest ones, are like a cadre of super-rich folks, all having some fingers in each other's pie, interlocking directorships, etc. And when the governments are "forced" into confronting these financial giants (something they prefer to turn their backs away from doing), they are like ants going after elephants. The government officials soon realize where the real power is and quickly become afraid to rock the boat. So, they all agee on a "fine" and put the issue to bed,....until another whistle blower dares to reveal more dirty laundry of the banks.
What is needed are consequences of real substance. If such is found to have been done, it is the directors of the firms that should be accountable in the fullest. God knows they demand enough in pay, bonuses, retirement and serverance to sit on their asses. So let the consequences fall on them. And the consequences should not be just fines. The consequences must be prison time, loss of licenses and ability to work in such a field ever again. Not until these things are done will the stinking banks (and the super-rich behind them) do anything but laugh at the consequences.
This is all like a judge passing maximum sentence on a bank robber, "Return 1% of what was stolen, and seriously consider not robbing again."
- #50,929
- Edited 4:20am Jun 12, 2013 1:37am | Edited 4:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #50,931
- Edited 4:48am Jun 12, 2013 2:09am | Edited 4:48am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #50,933
- Edited 4:13am Jun 12, 2013 3:35am | Edited 4:13am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #50,934
- Jun 12, 2013 4:56am Jun 12, 2013 4:56am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #50,937
- Jun 12, 2013 5:37am Jun 12, 2013 5:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #50,938
- Jun 12, 2013 5:47am Jun 12, 2013 5:47am
EU: This is now a Classic short setup, and with the high activity at the highs is has a good PVSRA indication the MMs are bears. The US open could lead to a pullup by those MMs, however, if they manipulate prices upwards for better shorting. {image}
Thanks for the insight TAH..
